If you’re a UK limited company director, one of the most important financial decisions you’ll make each year is how to take money out of your company without overpaying tax. The short answer is a structured combination of salary and dividends — but the exact split matters. Step 1: Pay Yourself a Tax-Efficient Salary Most directors start by taking a modest salary because it: • Uses your personal allowance • Reduces corporation tax • Helps you qualify for state pension • Create
Big changes are coming to the way self-employed individuals and landlords file their Self Assessment tax returns in the UK. Under the government’s Making Tax Digital (MTD) programme, millions of taxpayers will soon be required to keep digital records and submit updates to HM Revenue & Customs throughout the year — instead of filing just one tax return annually. If you’re self-employed, a landlord, or both, here’s everything you need to know about what’s changing, when it st
